Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease continues New York, May 27, 2020.Goldman Sachs analysts are sticking their neck out on several companies, saying that other Wall Street shops are wrong and the stocks are set to soar.
The bank sent a note to clients with its "differentiated buy" list — stocks where its analysts are the most out of consensus with their buy rating. All the names on the list had buy ratings from less than 50% of Wall Street analysts, an average earnings metric estimate at least 5% below Goldman's and were trading at least 10% below Goldman's target price.
"These names appear underappreciated by the market and could generate alpha for investors with a contrarian view," the note said.
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Pro GS just trying to unload a bunch of crappy stocks off their balance sheet
Pro More gambling...I’ll stick with the lottery...
Pro Every time a person buys or sells a stock they are essentially saying the rest of Wall Street is wrong on it.
Pro So I think I should not buy these stocks...
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